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Research, development and innovation

The Business Innovation Fund supports businesses from a wide range of sectors to help develop innovative projects and products that not only fulfil market demand, but also deliver industrial growth. Research, development and innovation can help your business adapt for the future, get ahead of the competition, develop commercially attractive products, processes and services to reach new customers, and create jobs.

Please note that applications are currently closed.

Request a call-back from the Growth Hub team

What will I get?

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Funding

Grants of £20,000 or £50,000 to help progress research and development (R&D) activity.

Research and development

Bespoke assistance to help develop an R&D roadmap.

University of Bath researcher
Expertise

Connection with our region’s leading research organisations

Who is eligible?

Your business is eligible if you are:

  • Compass icon Based in the West of England
  • Hand holding £ icon You are able to match fund the cost of your project
  • Group of people icon You're a small or medium sized business with a staff headcount lower than 250

Our funding

The Business Innovation Fund is supported with £1,451,825 of funding from the European Regional Development Fund (ERDF), which is part of the European Structural and Investment Funds 2014-2020. The Ministry of Housing, Communities and Local Government is the Managing Authority for ERDF. Established by the European Union, the ERDF helps local areas stimulate economic development by investing in project which will support innovation, business, create jobs and delivery local community regeneration. For more information visit the ERDF webpage.

ERDF logo

Research, development and innovation can help your business adapt for the future and get ahead of the competition, create new products, processes and services to reach new customers, and improve sustainability.

The West of England Combined Authority’s Business Innovation Fund provides SMEs with tailored support to bring new products, services and processes to market.

The Business Innovation Fund supports businesses from a wide range of sectors to help develop innovative projects and products that not only fulfil market demand, but also deliver industrial growth.

SME funding and support to bring new products and services to market.